Atal Pension Yojna is a government-run scheme mainly for employees of the unorganised sector. Atal Pension Yojna offers you two easy options for earning a monthly pension of Rs 5000 after turning 60. A person can start investing in this pension scheme between 18 and 40 years of age. Depending on contribution and age, a person can earn a fixed minimum monthly pension of Rs 1000, Rs 2000, Rs 3000, Rs 4000 or Rs 5000 under Atal Pension Yojna.

Launched in May 2015, Atal Pension Yojana is open to all citizens of the country between 18 and 40 years of age. Under the scheme, a person can either invest Rs 210 per month for 42 years or invest Rs 1454 per month for 20 years to earn a monthly pension of Rs 5000 after 60 years of his/her age. If the subscriber of the Atal Pension Yojana dies, the pension would then be paid to the spouse. In case of death of the spouse,  the accumulated pension wealth is paid to the nominee of the subscriber.

It also offers tax benefits under National Pension System. Contributions paid in Atal Pension Yojna can be claimed for income tax deduction up to Rs 50,000 under Section 80CCD (1B) of the Income Tax Act. The contribution amount increases with increase in age. Therefore, a person should invest at an early age to avail maximum benefits of the pension scheme.

How to Subscribe Atal Pension Yojna:

  • Visit
  • Click on ‘Forms’
  • Click on ‘APY Subscriber Registration Form’
  • Download the PDF file
  • Fill and submit the form with required documents

If you subscribe Atal Pension Yojna at the age of 18, you will have to pay Rs 210 on a monthly basis to earn Rs 5000 monthly pension. This accounts for a total investment of Rs. 1,05,840. However, if a person starts investment in the scheme at the age of 40, for him/her, a monthly investable amount is Rs 1,454. Therefore, the total investment comes to Rs 3,48,960, which means a person will have shell out Rs 2,43,120 extra to avail the same benefits.